stock after bouncing back from important monthly trendline line and moving out of daily time frame parallel channel. chemical sector is becoming leading sector for this week. entry- after some retracement stoploss- at near range target - partial profit at every peak
CHART -> Sumitomo Chemical WEEKLY SETUP As seen per chart, it looks like Sumitomo Chemical is trading under a flag and pole pattern. Any side of the trendline breakout, may it be on the upper or lower, will decide the further path of the stock. For breakout it has to cut the trendline on a weekly close candle. As per today's scenario a morning star, which is...
#sumichem Sumichem / sumitomo Volumes are nearly dead. Expecting a spike soon. Trading around support area. Can be good addition. Although in chemical play don't keep this one as major holding in folio. #VR
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Bullish flag pattern in SUMICHEM. wait for the breakout.
SUMICHEM strong above 435.75 levels, it can go up to 459.90 in short term
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Sell 432, SL-436, TGT-426 Buy @437, SL-433, TGT-442/443
After a long consolidation, the stock has given breakout with a good delivery volume. All oscillators are indicating bullish bios. ADX also indicating strength in the trend. We can consider price movement up to 420 to 450 in the near term.
WEEKLY CHART #TIRUMALCHM NSE: TIRUMALCHM Long Term Investment CMP 145.35 Target : 214.80 (~45%) SL : 111 Timeframe < 90 Days Can hold for longer time might reach 400s Factors: Rounding Bottom Pattern Trend Following Rising Volume with rising Prices. Flag pattern breakout. Pennant Pattern Breakout with Bullish Candle. Retest Successful. Higher Highs & Higher...
Sumitomo Hits upper target in style. Patience pays in good stocks.
BUY Sumichem @CMP 363, SL 322, Target 390, 420
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SUMICHEM looks good for swing trade on daily chart.
Buy sumichem with sl below 268 and hold for 10-15 % return It has closed abv 240 dema with large bulish candle supported by volume. Also bounced from the trend line support. Disc : it's not an investment advice to buy or sell
Range has contracted to the lowest in last 7 days. At the same time, price has breached yesterday's high. Volume had been seen on reversal from 270 but the price found resistance at higher level. These are the people who might have exited seeing bearish crossover of 20 and 65 below 240. I assume that supply has ended as price was unable to breach 269 and...